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General Dynamics awarded $520M contract modification by U.S. NavyThe U.S. Navy has awarded General Dynamics Electric Boat a $520M contract modification to buy long lead-time material for four Virginia-class submarines, SSN-794, SSN-795, SSN-796 and SSN-797. The contract provides funding for steam and electrical-plant components, main propulsion unit and ship-service turbine generator sets, as well as miscellaneous hull, mechanical and electrical-systems components to support construction of the submarines. With this modification, the contract has a value of $1.2B. It was awarded initially in April 2012.